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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 10, 2021 - 20:15
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 127.350 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 128.30 on 03/24/2021, so more gains to resistance(s) 131.10, 133.10, 137.50 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 62.

Supports and Resistances:

  1. 137.50
  2. 133.10
  3. 129.10
  4. 126.00
  5. 124.40
  6. 122.85
  7. 121.60
  8. 119.30
  9. 114.45
Click on the level to view price action history.

Symbol Released Current Forecast
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